Nautilus and State Nominee agree to extend option exercise date

[maui4marko]

This again suggests that it is still rather difficult for the company to find other major investors.

I disagree with this suggestion.  It does not reflect on Nautilus' ability to raise money, rather it reflects on PNG's lack of available budget.  They (PNG) are investing heavily in LNG and related infrastructure to the tune of $Billions.  They don't just have a $120 mil laying around to hand over to Nautilus.

I've made the case in other threads that PNG's investment would easily be a double or triple.  But again there are limited funds available and PNG has to prioritize where they invest.  No different than you or I, but hardly reflective on Nautilus itself.